My daughter and her fiancee are in the process of buying a house, for which I will be stumping up approx 25k deposit (15%).
How would you approach the legal side? Take a 15% stake on the mortgage, then being liable for any arrears if problems occur, or come up with some other form of contract to ensure that the money stays in the correct place, namely allocated to me.
Yes I will be seeking legal advice, but comments from experience are good too.
How would you approach the legal side? Take a 15% stake on the mortgage, then being liable for any arrears if problems occur, or come up with some other form of contract to ensure that the money stays in the correct place, namely allocated to me.
Yes I will be seeking legal advice, but comments from experience are good too.
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